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JUL 31, 2013 - Zero Hedge

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Acronymapalooza: GDP, FOMC, ADP, PMI On Deck

As readers are well aware by now, at 8:30 am today we get to see the rewriting of US GDP history back to 1929 with the revisions from the BEA. It’s a big last day of July with the Fed meeting coming after the GDP release. For GDP, real growth is expected to be as low as 1.0% in Q2. Opinions vary widely on today’s GDP number with one major US investment bank’s estimate as low as 0.2%, a number of bulge bracket banks at 0.5% while there are also plenty of economists above 1.5%. It is not news to anyone that nominal GDP is very low at the moment - especially in a world of nosebleed high debts - ... Read More

Tags: Acronymapalooza: GDP, FOMC, ADP, PMI On Deck,  Barclays Latest News